MERSEN

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRN
ISIN:	FR0000039620

MERSEN - 1H - Technical analysis published on 03/22/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

61%

33%

My opinion

Neutral between 35.49 EUR and 36.86 EUR

My targets

My analysis

There is no basic trend on MERSEN and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 36.86 EUR. The nearest support is located at 35.49 EUR. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MERSEN price is 35.95 EUR. The price registered a decrease of -0.14% on the session with the lowest point at 35.75 EUR and the highest point at 36.20 EUR. The deviation from the price is +0.56% for the low point and -0.69% for the high point.

35.75

36.20

35.95

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MERSEN indicates that the overall trend is not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near horizontal support

Type : Bullish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.05	35.49	35.92	35.95	36.86	37.35	38.00
Change (%)	-2.50%	-1.28%	-0.08%	-	+2.53%	+3.89%	+5.70%
Change	-0.90	-0.46	-0.03	-	+0.91	+1.40	+2.05
Level	Major	Minor	Minor	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.50	34.90	35.45	35.85	36.40	36.80	37.35
Camarilla	35.74	35.83	35.91	36.00	36.09	36.17	36.26
Woodie	34.58	34.94	35.53	35.89	36.48	36.84	37.43
Fibonacci	34.90	35.26	35.49	35.85	36.21	36.44	36.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.93	32.42	34.53	37.02	39.13	41.62	43.73
Camarilla	35.39	35.81	36.23	36.65	37.07	37.49	37.92
Woodie	29.75	32.33	34.35	36.93	38.95	41.53	43.55
Fibonacci	32.42	34.17	35.26	37.02	38.77	39.86	41.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.88	31.27	33.18	35.57	37.48	39.87	41.78
Camarilla	33.92	34.31	34.71	35.10	35.49	35.89	36.28
Woodie	28.65	31.15	32.95	35.45	37.25	39.75	41.55
Fibonacci	31.27	32.91	33.92	35.57	37.21	38.22	39.87

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.86
MACD (12,26,9):	0.0500
Directional Movement:	0.77
AROON (14):	71.43
DEMA (21):	35.86
Parabolic SAR (0,02-0,02-0,2):	35.41
Elder Ray (13):	0.03
Super Trend (3,10):	35.44
Zig ZAG (10):	36.00
VORTEX (21):	1.0900
Stochastique (14,3,5):	84.82
TEMA (21):	36.04
Williams %R (14):	-23.81
Chande Momentum Oscillator (20):	0.50
Repulse (5,40,3):	0.6700
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	3.86

MA7:	36.05
MA20:	35.69
MA50:	34.80
MA100:	34.18
MAexp7:	36.00
MAexp20:	35.85
MAexp50:	35.94
MAexp100:	35.95
Price / MA7:	-0.28%
Price / MA20:	+0.73%
Price / MA50:	+3.30%
Price / MA100:	+5.18%
Price / MAexp7:	-0.14%
Price / MAexp20:	+0.28%
Price / MAexp50:	+0.03%
Price / MAexp100:	-0%

Quotes : - 15 min delayed data - Euronext Paris

This member declared not having a position on this financial instrument or a related financial instrument.

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